Asteroid Mining Venture Backed by Google Execs, James Cameron Unveiled by Mike Wall, SPACE.com Senior Writer
Date: 23 April 2012 Time: 09:00 PM ET
A newly unveiled company with some high-profile backers - including filmmaker James Cameron and Google co-founder Larry Page - has announced plans to mine near-Earth asteroids for resources such as precious metals and water.
Planetary Resources, Inc. intends to sell these materials, generating a healthy profit for itself. But it also aims to advance humanity's exploration and exploitation of space, with resource extraction serving as an anchor industry that helps our species spread throughout the solar system.
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